Zecco Review

Zecco (which stands for Zero Commission Cost) is an American online discount broker that provides dealing facilities for both options traders and the more conventional stock market investors.

Zecco has really grown in popularity in recent years because of it's extremely competitive pricing. For instance stock trades are just $4.95 each, which is very reasonable in itself, but if you place 25 trades a month or maintain a $25,000 balance, then you get 10 trades completely FREE (UPDATE: this offer has now been withdrawn as of March 2011). Options trades are equally good value because they are a mere $4.95 per leg + 65c per contract. So on a cost basis they are very hard to beat.

You're probably thinking there are likely to be some hidden costs that they don't mention, but in actual fact there are no annual fees or hidden charges at all. Zecco can afford to offer such competitive prices because not only do they keep their costs low, but they make most of their profits from the interest on customers' accounts and commissions from the options trades.

The only slight complaint people have had about them in the past is that their customer service hasn't always been that great, but they have been trying to address this problem in the last year or so.

Their platform is very easy to navigate and there is even a discussion forum where you can share ideas and tips with other traders and investors.

So overall if you looking for a reliable broker that will allow you to place cheap trades on stocks and options, then I strongly suggest you consider opening an account with Zecco.